Macy's's most recent trend suggests a bullish bias. One trading opportunity on Macy's is a Bull Put Spread using a strike $60.00 short put and a strike $55.00 long put offers a potential 24.38% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $60.00 by expiration. The full premium credit of $0.98 would be kept by the premium seller. The risk of $4.02 would be incurred if the stock dropped below the $55.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Macy's is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Macy's is bullish.
The RSI indicator is at 67.97 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Macy's
Edward S. Finkelstein, 89, Is Dead; Took Macy’s to Its Highs and Lows
Tue, 03 Jun 2014 04:02:03 GMT
Why the Leading Department Store Retailer Is Still a Buy
Sun, 01 Jun 2014 15:31:12 GMT
Can This Traditional Retailer Survive Against Amazon?
Sat, 31 May 2014 21:02:09 GMT
Ann Stock Heats As Q1 Beats And Spring Clothing Sells
Fri, 30 May 2014 22:55:00 GMT
Macy's, J.C. Penney, and Kohl's: Which Department-Store Stock Should You Buy?
Fri, 30 May 2014 13:02:18 GMT
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